London stakes its claim for Europe's new banks

Article Abstract:

London is fighting competition from other European countries to be the site of the European Monetary Institute, forerunner to a European Central Bank (ECB). Although the government avoids being too Ecu friendly, the City has a large trade in the Ecu and is already the world's main foreign exchange market and would like the ECB to be in London. The site of the ECB is not just prestigious but has economic considerations too, because other major banks will probably follow the location of the ECB.

Banking industry, Economic aspects, London, England, Location

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Satellites signal a revolution in the way we talk

Article Abstract:

The network of satellites operated by Iridium, a private consortium linking Motorola with a large number of companies and investors from across the world, will be completed with the launch of five new satellites in a Delta II rocket from Vandenburg Air Force base in California. This network, which will begin operating in Sep 1998, will allow anyone, regardless of where they are in the world, to remain linked to a telephone or a pager. Iridium requires around 5 million start-up customers.

Radio & TV communications equipment, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Satellite Communications Eqp, Services, Satellite communications services industry, Iridium L.L.C., Satellite communications systems

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Today it's Oxford, tomorrow the White House?

Article Abstract:

There is a strong possibility that one of the Rhodes or Marshall scholars entering Oxford University, England, and other universities in the UK at the beginning of the 1999 to 2000 academic year will eventually take up a post in the White House. There is a strong tradition of Rhodes and Marshall scholars becoming political leaders in the US. These young people have already achieved a great deal, but some have little experience of cultures other than their own.

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